👋 Saving Taxes with ELSS Mutual Funds?

ELSS is an equity mutual fund that offers tax savings under Section 80C. It has the shortest lock-in period (3 years) among all tax-saving options:

Choose SIP or Lumpsum: Setup how you plan to invest (e.g. ₹10,000 monthly or a one-time ₹1.5L annual lumpsum).

Select Tax Slab: Enter your income tax bracket (5% to 30%) to estimate your direct instant tax savings under Section 80C.

Track Growth: See how your tax-saving mutual funds grow over a 3-year lock-in or longer compounding horizons.

Monthly Investment

₹

Expected Annual Return (%)

Your Income Tax Slab

⚠️ Note: ELSS mutual fund tax savings under Section 80C are **only applicable under the Old Tax Regime**. If you choose the New Tax Regime, these investments compound your capital normally but do not reduce your taxable income.

Time Period (Min 3 Years Lock-In)

Yrs

Future Wealth Value

₹2,24,678

Total Invested: ₹1,80,000

Instant Tax Saved

₹45,000

Direct 80C benefit saved

Wealth Growth Trajectory

Fund Composition

🚀 Invest in ELSS Tax Saving Mutual Funds Directly

Coin by Zerodha

Invest in ELSS direct mutual funds for free. Zero commission, zero brokerage. Avoid regular plans and save an additional 1% in hidden distributor commission.

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Groww Investment

Select from top-rated ELSS mutual funds. Compare historical 3-year lock-in returns and start your tax-saving SIP under Section 80C in under 5 minutes.

Start Tax Saving on Groww

📊 View Yearly Detailed Amortization Table

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Year	Total Invested	Future Wealth	Tax Saved (80C)

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Maximizing Section 80C Deductions with ELSS Mutual Funds

ELSS (Equity Linked Savings Scheme) is a specific category of diversified mutual funds that invest primarily in equity and equity-related instruments. ELSS is unique because it is the only mutual fund category that qualifies for tax deduction up to ₹1.5 Lakh per year under Section 80C of the Income Tax Act.

Why ELSS Outperforms PPF and FDs

While PPF (Public Provident Fund) has a 15-year lock-in and Tax-Saving Fixed Deposits have a 5-year lock-in, ELSS has a **mandatory lock-in of only 3 years**. Additionally, because ELSS invests in equities, it offers historically higher returns (12-16%) compared to fixed-income debt options (6-7.5%), helping you beat inflation over long horizons.

How Tax Savings are Calculated

Under Section 80C, you can deduct up to ₹1,50,000 from your taxable income. The amount you save in tax is a direct function of your tax bracket. If you are in the 30% tax bracket, investing ₹1.5 Lakh in ELSS saves you ₹45,000 instantly in tax payments. This calculator shows both your long-term wealth growth and your direct, upfront tax benefits.